DOUBLE TOP EUR/AUD

The double top is a classic bearish reversal pattern. Picture it like this: the price peaks, falls back, peaks again at about the same level, and then declines. This pattern signals that the upward trend is likely over and a downtrend might be on the way.

Key aspects to look for:

Two Peaks: Price hits a high, drops, and then hits a similar high.

Support Level: The low point between the peaks forms a support level. A break below this level confirms the pattern.

Volume: Higher volume on the second peak and a decline confirms the bearish sentiment.
Chart PatternsHarmonic PatternsTrend Analysis

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